United Arab Emirates Domestic Credit Growth

1976 - 2023 | Monthly | % | CEIC Data

Key information about United Arab Emirates Domestic Credit Growth

  • United Arab Emirates Domestic Credit increased 4.9 % YoY in Dec 2023, compared with an increase of 5.4 % YoY in the previous month
  • United Arab Emirates Domestic Credit Growth YoY data is updated monthly
  • It averaged 9.1 %, available from Jan 1976 to Dec 2023
  • The data reached an all-time high of 1,932.7 % in Aug 1977 and a record low of -908.7 % in Jan 1976

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency. Domestic Credit prior to December 2002 is based on an older methodology.


Further information about United Arab Emirates Domestic Credit Growth

  • In the latest reports, United Arab Emirates Domestic Credit reached 415.0 USD bn in Dec 2023
  • Money Supply M2 in United Arab Emirates increased to 527.0 USD bn YoY in Nov 2023
  • United Arab Emirates Foreign Exchange Reserves was measured at 163.9 USD bn in Nov 2023
  • The Foreign Exchange Reserves equaled 5.5 Months of Import in Jun 2023
  • The country's Non Performing Loans Ratio stood at 5.3 % in Dec 2023, compared with the ratio of 5.9 % in the previous quarter
  • Household Debt of United Arab Emirates reached 106.2 % in Dec 2021, accounting for 106.2 % of the country's Nominal GDP

View United Arab Emirates's Domestic Credit Growth from Jan 1976 to Dec 2023 in the chart:

United Arab Emirates Domestic Credit Growth

What was United Arab Emirates's Domestic Credit Growth in Dec 2023?

United Arab Emirates Domestic Credit increased 4.9 % YoY in Dec 2023, compared with an increase of 5.4 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.9 Dec 2023 5.4 Nov 2023 -908.7 Jan 1976 1,932.7 Aug 1977 % monthly Jan 1976 - Dec 2023

Domestic Credit Growth by Country Comparison

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Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 1.2 Nov 2023 monthly Dec 2003 - Nov 2023
Algeria (%) 1.3 Nov 2023 monthly Dec 2002 - Nov 2023
Argentina (%) 164.4 Aug 2023 monthly Jan 1991 - Aug 2023
Armenia (%) 17.7 Dec 2023 monthly Dec 1994 - Dec 2023
Australia (%) 1.0 Dec 2023 monthly Dec 2002 - Dec 2023
Austria (%) -1.0 Dec 2023 monthly Jan 2000 - Dec 2023
Azerbaijan (%) 14.5 Dec 2023 monthly Dec 2002 - Dec 2023
Bahrain (%) 4.7 Dec 2023 monthly Sep 1992 - Dec 2023
Bangladesh (%) 11.9 Dec 2023 monthly Jul 1988 - Dec 2023
Belarus (%) 16.3 Jan 2024 monthly Dec 2007 - Jan 2024
Belgium (%) 0.1 Dec 2023 monthly Jan 2000 - Dec 2023
Bolivia (%) 5.0 Aug 2023 monthly Dec 2002 - Aug 2023
Bosnia and Herzegovina (%) 10.5 Dec 2023 monthly Aug 1998 - Dec 2023
Botswana (%) 8.6 Sep 2023 quarterly Dec 2005 - Sep 2023
Brazil (%) 13.6 Jan 2024 monthly Dec 2002 - Jan 2024
Brunei (%) 34.6 Nov 2023 monthly Jan 2000 - Nov 2023
Bulgaria (%) 18.1 Jan 2024 monthly Dec 1994 - Jan 2024
Cambodia (%) 4.1 Dec 2023 monthly Dec 1995 - Dec 2023
Canada (%) 3.0 Dec 2023 monthly Jan 1970 - Dec 2023
Chile (%) 2.9 Nov 2023 monthly Dec 1979 - Nov 2023
China (%) 10.4 Jan 2024 monthly Jun 2000 - Jan 2024
Colombia (%) 5.6 Nov 2023 monthly Jan 1994 - Nov 2023
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -6.1 Jan 2024 monthly Nov 2006 - Jan 2024
Czech Republic (%) 10.1 Jan 2024 monthly Jan 2003 - Jan 2024
Denmark (%) -5.3 Dec 2023 monthly Dec 2002 - Dec 2023
Ecuador (%) 9.7 Jan 2024 monthly Jan 2007 - Jan 2024
Egypt (%) 32.6 Dec 2023 monthly Jan 1997 - Dec 2023
Estonia (%) 10.1 Dec 2023 monthly Jun 1993 - Dec 2023
European Union (%) -1.0 Dec 2023 monthly Sep 1998 - Dec 2023
Finland (%) -4.9 Dec 2023 monthly Jan 2000 - Dec 2023
France (%) 1.2 Dec 2023 monthly Jan 2000 - Dec 2023
Georgia (%) 16.2 Jan 2024 monthly Oct 1996 - Jan 2024
Germany (%) -2.1 Dec 2023 monthly Jan 2000 - Dec 2023
Ghana (%) -7.3 Nov 2023 monthly Jan 1968 - Nov 2023
Greece (%) 1.5 Dec 2023 monthly Jan 2002 - Dec 2023
Hong Kong SAR, China (%) -0.3 Nov 2023 monthly Dec 1991 - Nov 2023
Hungary (%) -2.1 Jan 2024 monthly Jan 1999 - Jan 2024
Iceland (%) 4.0 Jan 2024 monthly Sep 1994 - Jan 2024
India (%) 12.4 Dec 2023 monthly Mar 2000 - Dec 2023
Indonesia (%) 8.8 Jan 2024 monthly Jan 2005 - Jan 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Israel (%) 3.9 Nov 2023 monthly Dec 2000 - Nov 2023
Italy (%) -4.1 Dec 2023 monthly Jan 2000 - Dec 2023
Ivory Coast (%) 12.5 Dec 2023 monthly Jan 1965 - Dec 2023
Japan (%) 4.1 Dec 2023 monthly Apr 2004 - Dec 2023
Jordan (%) 4.8 Nov 2023 monthly Jan 2003 - Nov 2023
Kazakhstan (%) 21.6 Jan 2024 monthly Dec 2002 - Jan 2024
Kenya (%) 13.5 Oct 2023 monthly Dec 1996 - Oct 2023
South Korea (%) 5.1 Dec 2023 monthly Dec 2002 - Dec 2023
Kosovo (%) 13.3 Jan 2024 monthly Nov 2008 - Jan 2024
Kuwait (%) 1.2 Nov 2023 monthly Jan 1995 - Nov 2023
Kyrgyzstan (%) 26.2 Jan 2024 monthly Dec 2003 - Jan 2024
Laos (%) 24.1 Sep 2023 quarterly Dec 1992 - Sep 2023
Latvia (%) 0.8 Dec 2023 monthly Jul 2004 - Dec 2023
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) -3.5 Dec 2023 monthly Dec 1994 - Dec 2023
Luxembourg (%) -6.5 Dec 2023 monthly Jan 2000 - Dec 2023
Macau SAR, China (%) 0.1 Jan 2024 monthly Jun 1985 - Jan 2024
North Macedonia (%) 5.3 Jan 2024 monthly Jan 2004 - Jan 2024
Malawi (%) 32.4 Jan 2024 monthly Jan 1976 - Jan 2024
Malaysia (%) 6.3 Jan 2024 monthly Jan 1988 - Jan 2024
Malta (%) 5.6 Jan 2024 monthly Jan 2009 - Jan 2024
Mauritius (%) 10.3 Nov 2023 monthly Jun 2006 - Nov 2023
Mexico (%) 12.1 Nov 2023 monthly Dec 2002 - Nov 2023
Moldova (%) 7.3 Jan 2024 monthly Jan 2001 - Jan 2024
Mongolia (%) 16.9 Jan 2024 monthly Dec 1993 - Jan 2024
Montenegro (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Morocco (%) 2.7 Jan 2024 monthly Dec 2002 - Jan 2024
Mozambique (%) 7.3 Dec 2023 monthly Dec 2002 - Dec 2023
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 8.5 Dec 2023 monthly Jan 2002 - Dec 2023
Netherlands (%) -5.4 Dec 2023 monthly Dec 2002 - Dec 2023
New Zealand (%) 1.4 Jan 2024 monthly Mar 1989 - Jan 2024
Nigeria (%) 65.9 Jan 2024 monthly Nov 1993 - Jan 2024
Norway (%) 3.6 Jan 2024 monthly Dec 1986 - Jan 2024
Oman (%) 5.2 Dec 2023 monthly Dec 2000 - Dec 2023
Pakistan (%) 19.5 Dec 2023 monthly Jun 2009 - Dec 2023
Palestinian Territory (%) 5.8 Jan 2024 monthly Dec 1999 - Jan 2024
Panama (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Paraguay (%) 13.6 Dec 2023 monthly Dec 2002 - Dec 2023
Peru (%) 8.4 Nov 2023 monthly Jan 1993 - Nov 2023
Philippines (%) 9.6 Nov 2023 monthly Dec 2002 - Nov 2023
Poland (%) 1.9 Jan 2024 monthly Dec 1997 - Jan 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 4.7 Jan 2024 monthly Jan 2008 - Jan 2024
Romania (%) 8.3 Dec 2023 monthly Dec 2005 - Dec 2023
Russia (%) 25.4 Jan 2024 monthly Dec 2001 - Jan 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) -1.7 Jan 2024 monthly Dec 2004 - Jan 2024
Singapore (%) -1.4 Jan 2024 monthly Mar 2005 - Jan 2024
Slovakia (%) 3.2 Dec 2023 monthly Jan 2007 - Dec 2023
Slovenia (%) -1.1 Dec 2023 monthly Jan 2005 - Dec 2023
South Africa (%) 6.5 Jan 2024 monthly Mar 1966 - Jan 2024
Spain (%) -3.5 Dec 2023 monthly Jan 2000 - Dec 2023
Sri Lanka (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -3.7 Dec 2023 monthly Dec 2002 - Dec 2023
Switzerland (%) 1.6 Jan 2024 monthly Dec 1988 - Jan 2024

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United Arab Emirates Key Series

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Includes 196 key indicators for United Arab Emirates, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.2 2020 yearly 1991 - 2020
Consolidated Fiscal Balance (USD mn) -827.229 2020 yearly 1991 - 2020
Tax Revenue (USD mn) 3,271.801 2020 yearly 1992 - 2020
Tax Revenue: % of GDP (%) 17.7 Jun 2023 quarterly Mar 2012 - Jun 2023
Forecast: Government Expenditure (AED bn) 635.944 2028 yearly 1991 - 2028
Forecast: Government Net Debt (AED bn) 645.441 2028 yearly 1999 - 2028
Forecast: Government Revenue (AED bn) 709.874 2028 yearly 1990 - 2028
Consolidated Government: Expenditures: Current (AED mn) 323,916.055 2020 yearly 1991 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.695 2028 yearly 1980 - 2028
Trade Balance (USD mn) -20,745.5 Jun 2023 monthly Jan 2009 - Jun 2023
Total Exports (USD mn) 30,482.0 Nov 2023 monthly Jan 1981 - Nov 2023
Total Exports Growth (%) -7.5 Nov 2023 monthly Jan 1982 - Nov 2023
Aluminum: Exports (USD th) 13,791,426.105 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,452,211.083 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 541,703.252 2022 yearly 1995 - 2022
Total Imports (USD mn) 28,583.9 Jun 2023 monthly Jan 2009 - Jun 2023
Total Imports Growth (%) 6.6 Jun 2023 monthly Jan 2010 - Jun 2023
Imports: Medicament (USD th) 3,706,000.420 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,120,012.879 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 640.015 Oct 2023 monthly Jan 1981 - Oct 2023
Total Imports from USA (USD mn) 2,312.761 Nov 2023 monthly Jan 1981 - Nov 2023
Total Exports to China (USD mn) 10,104.189 2022 yearly 2000 - 2022
Total Imports from China (USD mn) 67,215.285 2022 yearly 1970 - 2022
Exports: Non Oil: Volume (kg mn) 7,779.36 Dec 2017 monthly Jan 2009 - Dec 2017
Re-Exports: General System: Value (AED mn) 46,238.813 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: Non Oil: General System: Value (AED mn) 28,786.661 Jun 2023 monthly Jan 2017 - Jun 2023
Re-Exports: General System: Volume (Ton) 1,587,500.391 Jun 2023 monthly Jan 2017 - Jun 2023
Imports: General System: Value (AED mn) 104,974.427 Jun 2023 monthly Jan 2017 - Jun 2023
Imports: General System: Volume (Ton) 9,614,070.917 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: Non Oil: General System: Volume (Ton) 10,636,825.491 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: ytd: HS: Non-Oil: GS: Value: Plastic, Rubber and Articles (AED mn) 10,673.701 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: ytd: HS: Non-Oil: GS: Value: Foodstuff, Beverages, Spirits and Tobacco (AED mn) 14,574.671 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: ytd: HS: Non-Oil: GS: Value: Pearls, Stones, Precious Metals and its Ar... (AED mn) 89,068.101 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: ytd: HS: Non-Oil: GS: Value: Base Metals and Articles of Base Metal (AED mn) 37,404.020 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: ytd: HS: Non-Oil: GS: Value: Mineral Products (AED mn) 14,750.433 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: Non Oil: GS: ytd: Gulf Cooperation Council Countries: ow Saudi Arabia (AED mn) 17,221.154 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 16,033.075 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: Non Oil: GS: ytd: European Countries: ow Switzerland (AED mn) 22,080.587 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Iran (Islamic Republic O... (AED mn) 886.657 Jun 2023 quarterly Mar 2017 - Jun 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Singapore (AED mn) 2,935.586 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: ytd: HS: GS: Value: Pearls, Stones, Precious Metals and its Articles (AED mn) 193,317.833 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: ytd: HS: GS: Value: Base Metals and Articles of Base Metal (AED mn) 36,778.724 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: ytd: HS: GS: Value: Vegetable Products (AED mn) 15,338.650 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: ytd: HS: GS: Value: Mineral Products (AED mn) 45,650.126 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: ytd: HS: GS: Value: Chemical Products or Allied Industries (AED mn) 39,695.652 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow China (AED mn) 123,158.606 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 50,807.274 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow Japan (AED mn) 23,149.892 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: GS: ytd: European Countries: ow Germany (AED mn) 19,422.935 Jun 2023 quarterly Mar 2017 - Jun 2023
Imports: GS: ytd: American Countries: ow United States Of America (AED mn) 47,152.009 Jun 2023 quarterly Mar 2017 - Jun 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 22,545.9 2021 yearly 1980 - 2021
Current Account Balance (USD mn) 47,978.2 2021 yearly 1996 - 2021
Current Account Balance: % of GDP (%) 11.6 2021 yearly 1996 - 2021
Foreign Direct Investment (USD mn) 20,667.1 2021 yearly 1970 - 2021
Foreign Direct Investment: % of GDP (%) 5.0 2021 yearly 1972 - 2021
Foreign Portfolio Investment (USD mn) 1,225.323 2021 yearly 2002 - 2021
Forecast: Current Account Balance (USD bn) 42.598 2028 yearly 1980 - 2028
BoP: Current Account: Transfers: Net (AED bn) -205.800 2021 yearly 1996 - 2021
BoP: Current Account: Investment Income: Net (AED bn) -2.700 2021 yearly 2001 - 2021
BoP: Current Account: Imports: CIF (AED bn) -996.800 2021 yearly 1996 - 2021
BoP: CF: Financial Account (AED bn) -96.800 2021 yearly 2002 - 2021
BoP: Current Account: Trade Balance: FOB (AED bn) 290.300 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment (AED bn) -6.900 2021 yearly 2002 - 2021
BoP: Net Errors and Omissions (AED bn) 5.300 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Portfolio Investment (AED bn) 4.500 2021 yearly 2002 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Outw... (AED bn) -82.800 2021 yearly 2002 - 2021
BoP: Current Account: Imports: FOB (AED bn) -897.100 2021 yearly 2001 - 2021
BoP: Change in Reserves (AED bn) -85.000 2021 yearly 1996 - 2021
BoP: Current Account: Exports and Re-Exports (AED bn) 1,187.400 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Inwa... (AED bn) 75.900 2021 yearly 2002 - 2021
BoP: Current Account: Services: Net (AED bn) 94.500 2021 yearly 1996 - 2021
BoP: Current Account (AED bn) 176.200 2021 yearly 1996 - 2021
BoP: Capital and Financial Account (CF) (AED bn) -96.800 2021 yearly 1996 - 2021
BoP: Current Account: Trade Balance: CIF (AED bn) 176.200 2019 yearly 2001 - 2019
BoP: Current Account: Services: Debit (AED bn) -265.500 2018 yearly 2001 - 2018
BoP: Current Account: Services: Credit (AED bn) 263.800 2018 yearly 2001 - 2018
Foreign Direct Investment: Mining and Quarrying (AED mn) 38,519.597 2016 yearly 2005 - 2016
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Household Debt: % of GDP (%) 106.2 2021 yearly 2013 - 2021
Money Supply M1 (USD mn) 217,134.922 Nov 2023 monthly Jun 1991 - Nov 2023
Money Supply M2 (USD mn) 526,999.592 Nov 2023 monthly Jun 1991 - Nov 2023
M2 Growth (%) 15.3 Nov 2023 monthly Jun 1992 - Nov 2023
Reserve Requirement Ratio (%) 1.0 Feb 2024 monthly Jan 2000 - Feb 2024
Foreign Exchange Reserves (USD mn) 163,900.3 Nov 2023 monthly Jun 1973 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 30.792 Jun 2023 quarterly Dec 2012 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 5.5 Jun 2023 monthly Jan 2009 - Jun 2023
Gold Reserves (USD mn) 4,881.144 Nov 2023 monthly Dec 1974 - Nov 2023
Total Deposits (USD mn) 665,613.887 Nov 2023 monthly Dec 2003 - Nov 2023
Total Deposits Growth (%) 9.2 Nov 2023 monthly Dec 2004 - Nov 2023
Domestic Credit (USD mn) 414,958.2 Dec 2023 monthly Jan 1975 - Dec 2023
Domestic Credit Growth (%) 4.9 Dec 2023 monthly Jan 1976 - Dec 2023
Household Debt (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
Total Loans (USD mn) 477,077.195 Nov 2023 monthly Dec 2013 - Nov 2023
Total Loans Growth (%) 4.90 Nov 2023 monthly Dec 2014 - Nov 2023
Private Debt: % of Nominal GDP (%) 65.38 Jun 2023 quarterly Dec 2013 - Jun 2023
Reserve Requirement Ratio: Current, Savings and Call Deposits (%) 11.000 Feb 2024 monthly Jan 2000 - Feb 2024
Banks Deposits (AED mn) 2,521,917.000 Dec 2023 monthly Dec 2003 - Dec 2023
Banks Credit: Gross: Residents (AED mn) 1,486,531.000 Jun 2018 monthly Dec 2013 - Jun 2018

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